Common use of Restoration of Tenant's Property Clause in Contracts

Restoration of Tenant's Property. Upon any restoration of the Impacted Facility as provided in Section 15.2 or 15.3, Tenant shall either (i) at Tenant's sole cost and expense, restore all alterations and improvements made by Tenant, Tenant's Personal Property and all Capital Additions paid for by Tenant, or (ii) at Tenant's sole cost and expense, replace such alterations and improvements, Tenant's Personal Property or Capital Additions with improvements or items of the same or better quality and utility in the operation of the Property; provided, however, that if the damaged Tenant's Personal Property or Capital Additions paid for by Tenant were no longer necessary to Tenant's operations prior to their destruction, Tenant shall not be obligated to replace them.

Appears in 3 contracts

Samples: California Facilities Security Agreement (Iasis Healthcare Corp), __________ Lease (Emeritus Corp\wa\), Iasis Healthcare Corp

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Restoration of Tenant's Property. Upon any restoration of the Impacted Facility as provided in Section 15.2 or 15.3, Tenant shall either (i) at Tenant's sole cost and expense, restore all alterations and improvements made by Tenant, Tenant's Personal Property and all Capital Additions paid for by Tenant, or (ii) at Tenant's sole cost and expense, replace such alterations and improvements, Tenant's Personal Property or Capital Additions with improvements or items of the same or better quality and utility in the operation of the Property; provided, however, that if the damaged Tenant's Personal Property or Capital Additions paid for by Tenant were no longer necessary useful to Tenant's operations prior to their destruction, Tenant shall not be obligated to replace them.

Appears in 2 contracts

Samples: Manor Lease (Unison Healthcare Corp), Lease (Unison Healthcare Corp)

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Restoration of Tenant's Property. Upon any restoration of the Impacted Facility as provided in Section 15.2 or 15.3, Tenant shall either (i) at Tenant's sole cost and expense, restore all alterations and improvements made by Tenant, Tenant's Personal Property and all Capital Additions paid for by Tenant, or (ii) at Tenant's sole cost and expense, replace such alterations and improvements, Tenant's Personal Property or Capital Additions with improvements or items of the same or better quality and utility in the operation of the Property; provided, however, that if the damaged Tenant's Personal Property or Capital Additions paid 38 45 for by Tenant were no longer necessary useful to Tenant's operations prior to their destruction, Tenant shall not be obligated to replace them.

Appears in 1 contract

Samples: Douglas Manor Lease (Unison Healthcare Corp)

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